Sowell Financial Services LLC bought a new stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 172,506 shares of the company’s stock, valued at approximately $5,612,000.
A number of other large investors have also recently modified their holdings of SCHD. Envestnet Asset Management Inc. raised its holdings in shares of Schwab US Dividend Equity ETF by 2.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,667,059 shares of the company’s stock worth $560,222,000 after buying an additional 354,983 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its position in shares of Schwab US Dividend Equity ETF by 3.5% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 9,569,026 shares of the company’s stock worth $293,578,000 after buying an additional 324,778 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Schwab US Dividend Equity ETF by 8.3% during the 1st quarter. Royal Bank of Canada now owns 8,655,941 shares of the company’s stock worth $265,563,000 after buying an additional 660,876 shares during the last quarter. Keystone Financial Planning Inc. boosted its stake in Schwab US Dividend Equity ETF by 0.5% in the third quarter. Keystone Financial Planning Inc. now owns 6,279,518 shares of the company’s stock valued at $204,273,000 after buying an additional 29,169 shares in the last quarter. Finally, Keybank National Association OH grew its position in Schwab US Dividend Equity ETF by 7.9% in the first quarter. Keybank National Association OH now owns 3,836,791 shares of the company’s stock valued at $117,713,000 after acquiring an additional 280,129 shares during the last quarter.
Schwab US Dividend Equity ETF Stock Up 1.5%
Schwab US Dividend Equity ETF stock opened at $35.61 on Friday. The stock has a market cap of $120.02 billion, a PE ratio of 14.57 and a beta of 0.68. Schwab US Dividend Equity ETF has a 12-month low of $26.32 and a 12-month high of $35.63. The business’s 50-day moving average price is $34.11 and its two-hundred day moving average price is $32.28.
About Schwab US Dividend Equity ETF
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.
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